According to results just released by Lending Tree from a survey they conducted in October, 41% of American’s surveyed expect the housing market to crash next year. As the table below, which shows the results by generation, the Millennials are the most pessimistic about the market with 44% of the millennials surveyed believing the housing market is headed to a crash. The most optimistic generation? Baby boomers, with only 35% of the generation I belong to believing we are headed to a crash.
Inflation is the leading culprit…
Of those surveyed that believe the housing market is headed for a crash in the next year, 33% felt inflation would be the leading cause of the crash, followed by 24% that said it was interest rates.
Results Of Survey Asking If The Housing Market Will Crash In The Next Year (Chart by generation)
Most Important Factor To Cause The Housing Crash (Chart)
